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An announcement from Hillgrove Resources Limited ( (AU:HGO) ) is now available.
Hillgrove Resources has reported further strong underground drilling results from the Emily Star lode system at its Kanmantoo Copper Mine, with the final two holes of the current program intersecting multiple zones of high-grade copper-gold mineralisation, including intervals above 1.3% copper. The company says the results confirm the continuity and depth extension of the Emily Star system beneath the existing mineral resource, underpinning its decision to develop a dedicated drill drive that will improve underground access, shorten future drill holes and potentially open multiple new mining fronts, bolstering confidence in expanding production from Kanmantoo.
The most recent analyst rating on (AU:HGO) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
More about Hillgrove Resources Limited
Hillgrove Resources Limited is an ASX-listed resources company focused on copper and gold production and exploration at its Kanmantoo Copper Mine in South Australia. The company is advancing underground mineralised lode systems such as Emily Star and Nugent, aiming to expand its resource base and support higher mining rates at Kanmantoo.
Average Trading Volume: 17,360,138
Technical Sentiment Signal: Buy
Current Market Cap: A$163.9M
Find detailed analytics on HGO stock on TipRanks’ Stock Analysis page.